In addition to the proof of Florida residency, you must be residing on the property as your primary residence as of January 1st. Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability.When to file: Application for all exemptions must be made between January 1 and March 1 of the tax year. By law, a homestead exemption is not transferable. If you move, your homestead exemption does not automatically follow you to your new residence. Homestead Exemption. Benefit to Homestead Exemption. Claiming a Florida homestead exemption involves some very specific requirements that must be completed within a specified time frame. Proof of Florida voter registration (must reflect permanent residence address). All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify.